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UnknownUnicorn13756681
Jan 4, 2021 10:07 AM

Tezos - potential big pump after this BTC correction Long

Tezos / United States DollarCoinbase

Description

Tezos has not performed as well as other alts recently. That said, its price is also fairly resilient as BTC is correcting right now. In fact, XTZ is currently at a very strong support zone: Weekly P pivot, Ichimoku cloud and Kijun line on 4H. I think it reasonable to jump in here with this long set-up:

Entrance price: ~$2.13
Stoploss: $1.93 (below S1 weekly pivot)
Target: $2.9 (R5 weekly pivot). $3 has been a strong resistance level, so let's see how price reacts there.


With this set-up, the R:R ratio would be ~4.5. Have fun trading.
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